36 John Ringo RdRingoes, NJ 08551
- Other commercial real estate
- 1,380 SF
Property Details for 36 John Ringo Rd
- Construction
- FRAME
- Lot size
- 0.50 AC
- Property size (Sq ft)
- 1,380 SF
- Zone code
- LB
- Property type
- Other commercial real estate
- APN
- 08 00012-0000-00001
- APU
- 800012000000001
Description
This exceptional business opportunity presents the chance to acquire a well-established restaurant in Ringoes, NJ, boasting a remarkable 53-year history under the same family ownership. The restaurant has thrived, even exceeding pre-pandemic performance levels. Currently operating six days a week, from 7 AM to 2 PM, the business offers significant potential for expansion, including evening hours. The current operational model is cash-only. A key advantage for prospective buyers is the seller's willingness to offer a triple-net lease on the building and all equipment, minimizing upfront capital expenditure. This turnkey operation provides immediate access to a loyal customer base and a proven business model. The restaurant's longevity speaks volumes about its consistent appeal and strong community ties. Financial records will be made available to qualified buyers during the due diligence process. This represents a rare opportunity to acquire a profitable, established business with a long and successful history, ready for continued growth and expansion under new ownership. The business has been operating successfully since 1971, demonstrating its resilience and adaptability within the market. The triple-net lease structure offers a streamlined and predictable operating cost model. Serious inquiries only.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $288,141
- Hospitality
- $263,935
- Educational
- $219,591
- Medical
- $227,143
- Retail
- $341,586
Location Insight
- City
- Ringoes
- County
- Hunterdon
- State
- New Jersey
- Latitude
- 40.4294
- Longitude
- -74.8675
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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